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Mansion Global Daily: A Price Record in Sight in Sarasota, Hong Kong Ranks as Most Unaffordable Housing Market, and More

Mansion Global More Mansion Global Daily: A Price Record in Sight in Sarasota, Hong Kong Ranks as Most Unaffordable Housing Market, and More Mansion Global’s daily round-up of the latest luxury real estate news from around the world By Mansion Global Staff  |  Originally Published On February 23, 2021  |  Mansion Global Save BY THE NUMBERS SMART HOMES NEWS BITES Hong Kong Ranks as Most Unaffordable Housing Market For the 11th year running Hong Kong has ranked as the least-affordable housing market in the world, according to a report from the Urban Reform Institute and the Frontier Centre for Public Policy. In 2020, a combination of falling incomes and growing property prices hit affordability in the region. The median property price was 20.7 times the median household income in 2020, almost flat from 2019. The Business Times

Toronto ranked among top 5 least affordable housing markets in the world

Vancouver ranks second most severely unaffordable major housing market in international study

Vancouver ranks second most severely unaffordable major housing market in international study
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